Tesla’s first quarter earnings report released on Monday showed that the company sold off 10 per cent of its Bitcoin holdings. It made $272m in proceeds and $101m in profit from Bitcoin.
The car maker made more money from Bitcoin than car sales. Tesla’s profits hit $438m with nearly a quarter of that earning coming in Bitcoin sale.- "punch"
Seeing how much they were able to make from that bitcoin sell, I'm expecting tesla to go big again soon and add more bitcoin to their portfolio. Also, when other firms and companies see how much tesla made from their investments in bitcoin, they would readily follow suit in order to get a piece of the hot crypto cake. Only problem is that they would all be only after the gains they would make and nothing more. What we wanted for Bitcoin but with a different motive rather than adopting it as the de facto payment method.